Shares of UFP Industries, Inc. (NASDAQ:UFPI – Get Free Report) gapped down previous to buying and selling on Tuesday following a weaker than anticipated earnings announcement. The inventory had beforehand closed at $131.57, however opened at $121.72. UFP Industries shares final traded at $120.93, with a quantity of 34,269 shares altering palms.
The development firm reported $1.64 EPS for the quarter, lacking the consensus estimate of $1.89 by ($0.25). UFP Industries had a internet margin of seven.02% and a return on fairness of 15.86%. The enterprise had income of $1.65 billion in the course of the quarter, in comparison with analyst estimates of $1.76 billion. Throughout the identical quarter within the prior yr, the corporate earned $2.10 earnings per share. The agency’s income for the quarter was down 9.8% in comparison with the identical quarter final yr.
Wall Avenue Analysts Forecast Development
A number of equities analysts have weighed in on the corporate. BMO Capital Markets raised their value goal on UFP Industries from $115.00 to $125.00 and gave the inventory a “market carry out” score in a analysis report on Wednesday, July thirty first. Stifel Nicolaus lifted their value goal on UFP Industries from $125.00 to $157.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, July thirty first. StockNews.com lowered shares of UFP Industries from a “strong-buy” score to a “purchase” score in a report on Friday, July fifth. Benchmark lifted their value goal on shares of UFP Industries from $133.00 to $155.00 and gave the inventory a “purchase” score in a report on Wednesday, July thirty first. Lastly, Wedbush raised shares of UFP Industries from a “impartial” score to an “outperform” score and upped their value goal for the corporate from $120.00 to $155.00 in a analysis word on Tuesday, October eighth. Two funding analysts have rated the inventory with a maintain score and 4 have given a purchase score to the corporate. Based on knowledge from MarketBeat, UFP Industries has a median score of “Average Purchase” and a median value goal of $139.60.
Learn Our Newest Inventory Evaluation on UFP Industries
Institutional Buying and selling of UFP Industries
A lot of hedge funds have just lately added to or lowered their stakes in UFPI. UMB Financial institution n.a. elevated its stake in shares of UFP Industries by 300.0% in the course of the third quarter. UMB Financial institution n.a. now owns 192 shares of the development firm’s inventory valued at $25,000 after buying a further 144 shares over the past quarter. Headlands Applied sciences LLC acquired a brand new place in UFP Industries in the course of the second quarter price roughly $29,000. Signaturefd LLC raised its stake in UFP Industries by 31.8% in the course of the third quarter. Signaturefd LLC now owns 315 shares of the development firm’s inventory price $41,000 after buying a further 76 shares in the course of the interval. Triad Wealth Companions LLC acquired a brand new place in shares of UFP Industries within the 2nd quarter valued at $56,000. Lastly, GAMMA Investing LLC grew its stake in shares of UFP Industries by 84.2% in the course of the 2nd quarter. GAMMA Investing LLC now owns 512 shares of the development firm’s inventory valued at $57,000 after shopping for a further 234 shares in the course of the interval. 81.81% of the inventory is owned by institutional buyers and hedge funds.
UFP Industries Buying and selling Down 6.5 %
The corporate has a debt-to-equity ratio of 0.07, a fast ratio of three.18 and a present ratio of 4.34. The agency has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.30 and a beta of 1.39. The enterprise has a fifty day transferring common value of $126.83 and a 200 day transferring common value of $120.53.
UFP Industries Firm Profile
UFP Industries, Inc, via its subsidiaries, designs, manufactures, and markets wooden and non-wood composites, and different supplies in North America, Europe, Asia, and Australia. It operates via Retail, Packaging, and Building segments. The Retail section provides handled lumber merchandise, together with decking, fencing, lattice, and different merchandise; pressure-treated and fire-retardant merchandise used primarily for outside decking environments; and garden and backyard merchandise, consisting of wooden and vinyl fencing choices, backyard beds and planters, pergolas, picnic tables, and different landscaping merchandise.
Additional Studying
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